Dollar dips as Powell testimony disappoints hawks

By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar fell against a basket of currencies on Wednesday after Federal Reserve Chair Jerome Powell’s comments on the central bank’s ongoing fight to lower inflation failed to live up to the more hawkish market expectations. Powell told lawmakers the fight against inflation still “has a long…

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Russia-aligned hackers pose threat to Canada energy sector – spy agency

OTTAWA (Reuters) – Russia-aligned hackers could seek to disrupt Canada’s powerful oil and natural gas sector, especially since Ottawa is a strong backer of Ukraine, a Canadian spy agency said on Wednesday. The Communications Security Establishment (CSE) signals intelligence agency said Russia had repeatedly deployed destructive cyber attacks against its adversaries as geopolitical crises escalate….

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Mastercard launches global plan to recycle credit cards

By Simon Jessop LONDON (Reuters) – Payments company Mastercard on Wednesday launched a global project to recycle credit and debit cards as part of a plan to save the billions of cards in circulation across the industry from landfill. Initially partnering with British lender HSBC Holdings Plc in eight branches in Britain, Mastercard said banks…

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Belgian PM, foreign minister quizzed in parliament in Iran visa scandal

By Charlotte Van Campenhout BRUSSELS (Reuters) – Belgian Prime Minister Alexander De Croo and Foreign Minister Hadja Lahbib were quizzed by lawmakers on Wednesday after delegations from Iranian and Russian cities were granted visas to attend a mayors’ convention in Brussels last week. Lahbib especially is under scrutiny for having approved visas requests for citizens…

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U.S. to provide $1.3 billion of additional aid to Ukraine, says Blinken

LONDON (Reuters) – The United States will send $1.3 billion more in aid to Ukraine to help the conflict-hit country overhaul its energy grid and modernise its ports, railways and other infrastructure, U.S. Secretary of State Antony Blinken said on Wednesday. “Recovery is about laying the foundation for Ukraine to thrive as a secure, independent…

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Ukraine expects to secure almost $7 billion from West to rebuild

By Elizabeth Piper and Marc Jones LONDON (Reuters) -Ukrainian Prime Minister Denys Shmyhal said on Wednesday he expected to secure almost $7 billion in aid, after telling a London conference Russia’s war meant Kyiv was facing the largest reconstruction project in Europe since World War Two. At the conference Britain, the United States, the European…

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Real estate, tech drag Europe’s STOXX 600 down on rate hike jitters

By Shreyashi Sanyal and Bansari Mayur Kamdar (Reuters) – Tech led European shares lower on Wednesday following hawkish signals from Federal Reserve Chair Jerome Powell, while real estate stocks slid as the prospect of more interest rate rises stoked fresh concerns about mortgage costs after UK inflation failed to slow down in May. The continent-wide…

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